Emerging and High Growth Companies

Manzil in its $1.15 million Seed round

Manzil

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Expertise
Emerging and High Growth Companies
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

On July 14, 2019, Manzil completed its $1.15 million Seed financing round led by FCT Holdings Ltd., Sharia Portfolio Canada, and Henon Capital. Manzil will use this financing to commercialize a 25-year rate Halal mortgage, which is a first in Canada.

Manzil is a privately-held Canadian company offering Shariah-compliant Alternative Financial Products, specializing in Islamic Finance, Lending, Investments, and Insurance. It was founded in 2017 and is headquartered in Toronto.

Osler, Hoskin & Harcourt LLP advised Manzil with a team consisting of Chad Bayne, Justin Dharamdial and Isaac da Silva Aboo (Emerging and High Growth Companies).

Value
$1.15 million
Date Closed
July 14, 2019
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

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